Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 42,942 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 42,942 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total value of $2,084,834.10. Following the completion of the sale, the insider now directly owns 720,678 shares of the company’s stock, valued at $34,988,916.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

John Bicket also recently made the following trade(s):

• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,721,023.04.
• On Tuesday, August 27th, John Bicket sold 83,583 shares of Samsara stock. The stock was sold at an average price of $41.94, for a total transaction of $3,505,471.02.
• On Tuesday, August 20th, John Bicket sold 78,128 shares of Samsara stock. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28.
• On Tuesday, August 6th, John Bicket sold 81,486 shares of Samsara stock. The shares were sold at an average price of $37.04, for a total value of $3,018,241.44.

Samsara Trading Down 3.2 %

Shares of IOT opened at $47.79 on Friday. The stock has a 50-day simple moving average of $46.53 and a 200-day simple moving average of $39.49. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $51.53.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The firm’s revenue was up 36.9% on a year-over-year basis. As a group, equities analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com downgraded shares of Samsara from a “hold” rating to a “sell” rating in a research note on Wednesday. Evercore ISI lifted their target price on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th. Loop Capital boosted their target price on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company raised their price target on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.20.

Hedge Funds Weigh In On Samsara

Large investors have recently bought and sold shares of the business. Mission Wealth Management LP acquired a new position in shares of Samsara during the 1st quarter worth about $1,100,000. Bank of Montreal Can purchased a new stake in Samsara during the second quarter worth approximately $537,000. Magnetar Financial LLC acquired a new position in Samsara in the second quarter valued at approximately $1,240,000. Swiss National Bank purchased a new position in Samsara in the first quarter valued at approximately $19,477,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Samsara during the first quarter worth approximately $647,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.